My forecast for the Fall 09 and Winter 2010 is that one of two approaches will be taken by MEO.

Either Brown will get the Tennessee wells on production, and everyone does the happy-dance, or

Brown will announce that the only thing Morgan County wells have to offer is the Chattanooga Shale, so he’s signing a farmout agreement, since MEO lacks the money and knowledge to drill shale gas wells.

I could be wrong, but the pattern is starting to emerge, and it fits in the corporate discussions over the past year, and Brown’s announcements in June 2009.